Danone (OTCMKTS:DANOY) Reaches New 12-Month High – Still a Buy?

Danone (OTCMKTS:DANOY) shares hit a new 52-week high on Tuesday . The stock traded as high as $18.41 and last traded at $18.38, with a volume of 40679 shares. The stock had previously closed at $18.14.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Friday, October 10th. Jefferies Financial Group raised shares of Danone from an “underperform” rating to a “buy” rating in a research report on Tuesday, September 16th. Citigroup reaffirmed a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Danone in a research note on Wednesday, October 29th. Finally, Wall Street Zen downgraded Danone from a “buy” rating to a “hold” rating in a research report on Friday, August 15th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Danone Price Performance

The business’s 50-day moving average price is $17.61 and its 200 day moving average price is $16.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.78.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.